Farm Peace IPO announced: ₹27.80 crore issue, what you need to know
- Farm Peace Limited files DRHP for ₹27.80 crore fresh issue IPO with no OFS.
- Proceeds allocated to ₹23.00 crore for working capital and ₹4.80 crore for general corporate purposes.
- Revenue grew 45.21% from ₹62.55 Cr (FY2024) to ₹90.83 Cr (FY2026), while PAT increased to ₹7.53 Cr.
- Key risks include negative operating cash flows in all three years and absence of formal contracts with farmers.
- IPO opens on 01-Sep-2026 and closes on 03-Sep-2026, with listing scheduled for 08-Sep-2026.
*this image is generated using AI for illustrative purposes only.
Farm Peace’s IPO is in its second day of subscription, ticking up to a cumulative total of 0.11x so far. The retail category is leading the interest with a 0.10x subscription, jumping +66.7% intra-day, while QIB and NII categories remain flat at 0x.
Subscription Status
The IPO saw a modest increase in subscription on Day 2, driven primarily by retail investors. Here is the day-wise breakdown:
| Category | Day 1 (01-09-2026) | Day 2 (02-09-2026) |
|---|---|---|
| QIB | 0.00x | 0.00x |
| NII (bHNI) | 0.00x | 0.11x |
| NII (sHNI) | 0.00x | 0.00x |
| Retail | 0.01x | 0.10x |
| Total | 0.01x | 0.11x |
Intra-day Timeline on 02-09-2026
Retail picked up pace after midday, pushing the total subscription higher.
| Time (IST) | QIB | NII (bHNI) | Retail | Total |
|---|---|---|---|---|
| 11:15 | 0.00x | 0.00x | 0.06x | 0.03x |
| 12:15 | 0.00x | 0.00x | 0.07x | 0.04x |
| 13:15 | 0.00x | 0.00x | 0.07x | 0.04x |
| 14:15 | 0.00x | 0.00x | 0.07x | 0.05x |
| 15:15 | 0.00x | 0.00x | 0.08x | 0.05x |
| 16:15 | 0.00x | 0.00x | 0.09x | 0.05x |
| 17:15 | 0.00x | 0.00x | 0.10x | 0.11x |
About the Company
Farm Peace is an integrated contract farming company specializing in processed-grade potato varieties such as Santana, Frysona, Innovators, Lady Rosetta, and Chipsona. Founded in 2021, it operates primarily in Gujarat, cultivating over 5,660 acres and producing 61,680 metric tonnes of potatoes annually. The company supports farmers through a 100% buy-back model and end-to-end guidance via its proprietary mobile application. Key promoters include Sandipkumar Narsinhbhai Patel (MD) and Sudhir Haribhai Patel (CEO).
Financial Highlights
The company has shown consistent revenue growth over the last three years. Total equity has also increased significantly, reflecting capital accumulation.
| Particulars | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Revenue from Operations (₹ crores) | 62.55 | 79.24 | 90.83 |
| Profit After Tax (₹ crores) | 6.16 | 6.66 | 7.53 |
| Total Equity (₹ crores) | 9.04 | 35.95 | 43.48 |
Revenue grew from ₹62.55 crores in FY 2024 to ₹90.83 crores in FY 2026. PAT improved from ₹6.16 crores to ₹7.53 crores in the same period.
Objects of the Issue
- Funding incremental working capital requirements: ₹23.00 crores
- General corporate purposes: ₹4.80 crores
Risk Factors
- Absence of formal contracts with farmers, relying on informal verbal arrangements.
- Dependence on seasonal and climatic conditions for processed-grade potato cultivation.
- Geographic concentration of operations primarily in Gujarat.
Key Dates
- IPO Open Date: 2026-09-01
- IPO Close Date: 2026-09-03
- Allotment Date: 2026-09-04
- Listing Date: 2026-09-08
How might the absence of formal written contracts with farmers impact Farm Peace's supply chain stability and risk profile post-listing?
What specific strategies will management employ to convert persistent negative operating cash flows into positive figures despite reported profitability?
Given the 100% geographic concentration in Gujarat, how exposed is the company to region-specific climatic shocks or regulatory changes?
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